Iran sets up new defence council after war with Israel, to be chaired by president
The new body - which will be chaired by the president and include top military commanders among other senior officials...
Geostrategy
Dormant Russia volcano erupts for first time in 450 years
Moscow, Russia -- A volcano erupted for the first time in 450 years in Russia's eastern Kamchatka region, the nation's...
Geostrategy
Geostrategy
Excerpt from new Rushdie novel released four months after stabbing
The 75-year-old writer, who had received death threats after the publication of his "The Satanic Verses" in 1988, was stabbed...
- The book tells the "epic tale" of a woman in the 14th century in what is now part of India, the publishing house said
- The author had lived in hiding for years after Iran's first supreme leader Ayatollah Ruhollah Khomeini ordered his killing
Business
Saudi club Al-Nassr offers Ronaldo US$210m a season
The Portuguese football star Cristiano Ronaldo is likely to sign a $210 million a season blockbuster deal with Saudi Arabian...
- One source said the club were in "serious negotiations" with the 37-year-old but an agreement had not yet been reached because of issues with Ronaldo's image rights
- The striker helped his team triumph at Euro 2016 and has won an impressive haul of silverware across a glittering club career with United, Real Madrid and Juventus
Geostrategy
Is Biden running again? He’s acting like it
The November midterm elections, in which Republicans failed to score their expected big win in the House while actually losing...
- A long distance day trip Tuesday to Arizona is only the latest indication that at 80, Biden is seriously laying the ground to stay in power for another term
- while Biden has said his decision won't come until "early next year," many of those around him think they already know
Business
Saudi Crown Prince considering $500m investment in Credit Suisse
Credit Suisse itself has previously said it had $500 million committed from an unnamed investor, and its chairman said last...
- Citing unnamed sources familiar with the matter, the US financial newspaper listed several potential investors in the new unit.
- Credit Suisse unveiled a dramatic restructuring plan at the end of October, focused on radically transforming its investment banking unit.
Geostrategy
Gaza fishermen rejoice at finally fixing their boats after UN brokered deal
Gaza City, Palestinian Territories---Wearing sky blue overalls near Gaza's port, technician Mohammed Jerboa celebrates the chance to finally repair fishing...
- The material has been prohibited from entering the Palestinian enclave since 2007, as one of scores of items Israel deems could be used for military purposes by Gaza militants.
- The measures left fishermen struggling to pursue their livelihood due to the state of the boats -- until the UN brokered a deal that allows fibreglass to reach a workshop.
Market Report
Oil rises as China eases Covid restrictions, Russia price cap
World oil prices rallied after more easing of Covid containment measures in China and as a price cap on Russian...
- In currency trading, the dollar was mixed against its main rivals.
- The Kremlin insisted the cap would not affect Russia's military campaign in Ukraine.
Business
Glencore to pay US$180m
Payment for settling graft claims against firm in DR Congo.
- The settlement with DRC is related to investigations by the country's authorities and the US Department of Justice, Glencore said.
- Glencore disclosed in 2018 that the US Justice Department had launched a corruption investigation linked to the group's business in Nigeria, Venezuela and DRC.
Geostrategy
Germany key destination for disillusioned Tunisians
Europe's biggest economy, with its low birth rate, is crying out for labour, and many Tunisians, exhausted by years of...
- Numbers are still small but rising fast. Germany granted 5,474 work permits to Tunisians from January to October -- up from 4,462 in the whole of last year.
- Some employers offer contracts to help ease the visa process and even pay for six months of language tuition to help their future workers.
Geostrategy
Saudi sole bidder to host 2027 Asian Cup after India exit
KUALA LUMPUR, MALAYSIA - Saudi Arabia on Monday became the sole bidder to host the 2027 Asian Cup after India...
- The Asian Football Confederation said in a statement that the All India Football Federation had pulled out from the selection.
- The statement did not provide any reasons for India's decision.
Economy
Turkey inflation slows for first time since 2021: official
According to a respected monthly study released by independent economists from Turkey's ENAG research institute, the annual rate of consumer...
- The rate slowed to 84.39 percent, according to state statistics agency TUIK, down from 85.51 percent in October
- Turkey's inflation has steadily risen since reaching a low of 16.6 percent in May 2021
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Iran sets up new defence council after war with Israel, to be chaired by president
The new body - which will be chaired by the president and include top military commanders among other senior officials...
Geostrategy
Company News
Lloyds Group profit is $6.2bn
Business
Rolls-Royce back into profit
Business
Latest News
Nestle net profits up 20.9%
Business
Qantas half-year profits slide
Business
Qatar PM, Egypt intelligence chief meet Hamas in Doha
Qatar, with the United States and Egypt, has been engaged in months of negotiations over details for a ceasefire in...
Geostrategy
Israel ‘prepared for very intense operation’ on Lebanon border
Jerusalem, Undefined -- Israeli Prime Minister Benjamin Netanyahu said Wednesday that Israel was "prepared for a very intense operation" along the...
Geostrategy
Qatar signs 27-year gas supply deal with Chinese Petroleum Corp
Qatar will supply four million tons of gas a year under the deal, QatarEnergy said in a statement, without disclosing the...
Business
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Arts & Culture
Tunisian Muslim community turns to AI to save heritage
Djerba, Tunisia - In an unassuming house on the Tunisian island of Djerba, Said al-Barouni embarked on a mission to safeguard...
- In Djerba, Tunisia, Said al-Barouni uses AI to preserve ancient Ibadi religious manuscripts against deterioration
- Ibadis, a marginalized Islamic sect, find refuge and preserve their heritage in Djerba, blending into its cultural landscape
Geostrategy
Israeli strike in South Lebanon kills one
An Israeli strike targeting a motorcycle in Lebanon killed one person and wounded another, according to the National News Agency...
- The strike targeting a motorcycle in Naqura killed one person and wounded another
- Late Monday, cross-border exchanges set off blazes in border areas of both Israel and Lebanon
Business
IATA urges Pakistan, Bangladesh to release blocked airline funds
The International Air Transport Association on Tuesday urged Pakistan and Bangladesh to remove barriers to airlines repatriating ticket revenues after...
- Pakistan and Bangladesh collectively owe $731 million in blocked airline funds
- Boeing, Airbus, face scrutiny over safety and manufacturing standards